🚀 Exciting times for Bitcoin DeFi! Avalon Labs, the team behind the BTC-backed stablecoin USDa, just secured $10M in a Series A round led by Framework Ventures. With big names like UXTO Management and Kenetic Capital on board, Avalon is set to transform BTC from a mere digital store of value into a versatile financial tool. 💡

By collateralizing BTC, users can borrow USDa at a fixed 8% rate, unlocking new financial opportunities. With $700M in TVL, Avalon also offers bitcoin-backed lending, savings, and even a credit card.

What are your thoughts on BTC's evolving role in DeFi? Share below! 👇